Quarterback Matt Schaub is expected to sign with a new team this week, a source told ESPN NFL Insider Adam Schefter.
The New York Jets, Baltimore Ravens and Atlanta Falcons are among the teams interested in Schaub, who was released by the Oakland Raiders this offseason.
The Ravens and Falcons are in the market for an experienced quarterback to back up established starters Joe Flacco and Matt Ryan, respectively. The Jets' quarterback situation is more unsettled, with the inconsistent Geno Smith expected to get most of the reps in offseason work while Ryan Fitzpatrick continues to recover from a broken leg he suffered last season.
The Raiders acquired Schaub a year ago from Houston for a sixth-round pick, expecting him to start. However, after he struggled in the preseason, they went with rookie Derek Carr. The second-round pick was the only rookie quarterback to start every game in 2014.
Schaub, who was a third-round pick of the Falcons in 2004 out of Virginia, was traded to the Houston Texans in 2007 and started 88 games with Houston.
Falcons offensive coordinator Kyle Shanahan was Schaub's quarterbacks coach in 2007 and his offensive coordinator for the 2008 and 2009 seasons.
In 2009, Schaub completed 396 of 583 passes for an NFL-leading 4,770 yards with 29 touchdowns and 15 interceptions en route to making the Pro Bowl.
ESPN.com's Bill Williamson and Vaughn McClure contributed to this report.